UiPath ($PATH) — long-term buy zone, ~13% risk to be wrong

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UiPath ($PATH) — long-term buy zone, ~13% risk to be wrongUiPath, Inc. Class ABATS:PATHFibonaussieUiPath had a brutal reset off its highs and has spent a couple of years basing — and price is now back in what I see as a long-term buy zone. This is an easy long-term buy in my book. Invalidation is close: a close below ~$9, about 13% of risk — so being wrong is cheap and obvious. Buying it down here is easy; buying it later, higher, is the hard part. Upside, with honest expectations at each level: ~$27.79 — 50/50 for a rejection to me; it's already been attempted once. ~$39.23 — I'd expect a rejection on the first attempt. ~$57.83 — same, expect a first-attempt rejection. I'll also trade it shorter-term when the opportunity presents, but the core of this is the long-term hold. Disclosure: I'm long, holding in my SMSF. Not financial advice — just how I read it.